Equities research analysts expect AngioDynamics, Inc. (NASDAQ:ANGO) to post $87.80 million in sales for the current quarter, Zacks reports. Three analysts have provided estimates for AngioDynamics’ earnings. The highest sales estimate is $88.41 million and the lowest is $87.30 million. AngioDynamics posted sales of $89.03 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 1.4%. The company is expected to report its next quarterly earnings results on Friday, January 5th.

According to Zacks, analysts expect that AngioDynamics will report full-year sales of $87.80 million for the current financial year, with estimates ranging from $352.20 million to $355.78 million. For the next financial year, analysts anticipate that the company will post sales of $363.52 million per share, with estimates ranging from $361.78 million to $366.77 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover AngioDynamics.

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AngioDynamics (NASDAQ:ANGO) last posted its earnings results on Thursday, September 28th. The medical instruments supplier reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.04). AngioDynamics had a return on equity of 4.83% and a net margin of 1.64%. The business had revenue of $85.40 million for the quarter, compared to the consensus estimate of $86.12 million. During the same period in the previous year, the company posted $0.17 earnings per share. AngioDynamics’s revenue for the quarter was down 3.1% compared to the same quarter last year.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of AngioDynamics from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research note on Tuesday, October 3rd. Canaccord Genuity reaffirmed a “hold” rating and set a $17.00 price target on shares of AngioDynamics in a research note on Sunday, October 8th. KeyCorp reaffirmed a “hold” rating on shares of AngioDynamics in a research note on Friday, September 29th. Finally, BidaskClub raised shares of AngioDynamics from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. AngioDynamics currently has an average rating of “Hold” and a consensus target price of $18.60.

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of AngioDynamics by 14.4% in the second quarter. Vanguard Group Inc. now owns 1,938,115 shares of the medical instruments supplier’s stock valued at $31,416,000 after buying an additional 243,825 shares in the last quarter. Broadfin Capital LLC grew its stake in shares of AngioDynamics by 14.9% in the second quarter. Broadfin Capital LLC now owns 1,683,252 shares of the medical instruments supplier’s stock valued at $27,286,000 after buying an additional 217,800 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of AngioDynamics by 49.4% in the third quarter. Janus Henderson Group PLC now owns 1,439,873 shares of the medical instruments supplier’s stock valued at $24,607,000 after buying an additional 476,327 shares in the last quarter. Northern Trust Corp grew its stake in shares of AngioDynamics by 14.9% in the second quarter. Northern Trust Corp now owns 1,202,941 shares of the medical instruments supplier’s stock valued at $19,500,000 after buying an additional 155,951 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of AngioDynamics by 0.9% in the third quarter. Wells Fargo & Company MN now owns 1,025,233 shares of the medical instruments supplier’s stock valued at $17,521,000 after buying an additional 9,639 shares in the last quarter. 96.21% of the stock is owned by institutional investors and hedge funds.

Shares of AngioDynamics (NASDAQ ANGO) opened at $17.35 on Friday. AngioDynamics has a 52 week low of $14.80 and a 52 week high of $18.85. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.48 and a current ratio of 2.34. The stock has a market capitalization of $636.65, a P/E ratio of 25.13, a P/E/G ratio of 1.78 and a beta of 1.05.

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About AngioDynamics

AngioDynamics, Inc designs, manufactures and sells a range of medical, surgical and diagnostic devices used by professional healthcare providers for vascular access, for the treatment of peripheral vascular disease and for use in oncology and surgical settings. The Company’s devices are used in minimally invasive, image-guided procedures.